Asian ADRs Gain Driven by Chinese Online Retailers

Asian ADRs Gain Driven by Chinese Online Retailers

American depository receipts of Asian stocks were up 0.98% to 142.52 in U.S. trading on Tuesday, according to the BNY Mellon Asia ADR Index. Decliners in north Asia were led by Leju Holdings (LEJU), a China-based real estate services provider, slumping 10.8%. Apparel company China Xiniya Fashion (XNY) and e-commerce firm Baozun (BZUN) followed, dropping 6.1% and 4.9%, respectively. In southern Asia, Indian lender HDFC Bank (HDB) led decliners, sliding […]

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Teligent Shares Gain 3.6%

Teligent Shares Gain 3.6%

Teligent, a New Jersey-based specialty generic pharmaceutical company, said Wednesday it got approvals for three of its abbreviated new drug applications (ANDAs) from the U.S. Food and Drug Administration (FDA). Shares climbed 3.6% intraday. The permission was granted for Nystatin and Triamcinolone Acetonide ointment USP, 100,000 units/gram and 1 mg/gram, Clindamycin Phosphate topical solution USP, 1% and Flurandrenolide ointment USP, 0.05%, according to a statement. The approvals were received Dec. […]

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